- Yi: + 64.64
- Attempting to bottom out: BGS
- Oversold: GT
- Moderately oversold: AEM, AMZN, APD, BBY, GDX, JNUG, MSFT, QCOM, SIL, UNG, VGK, WGMI, WOLF, WY, $XAU
- Trying to hold some rising trend line support: BEN, CLF, GLW, IVW, PM
- Trying to hold some falling trend line support: TSM
- Attempting to hold the 28: BEN, IVW, MARA, SCHB, SCHX, $SPX, XRX
- Attempting to hold the 65: BAC, $GOLD, INTC, LIN
- Up against the 65: GBTC
- Up against the 28: SPXU
- Moderately overbought: $USD, UUP
- Toppy: CAT
- Anything posted may be off base.
For those of you who have inquired, the "Yi" is my own proprietary overbought/oversold indicator. A +10 reading generally indicates we are overbought in the overall market, and -4 or a -5 reading is telling us the market is a bit oversold. The "zero line" in between the plus and minus readings will sometimes act as an area of support or resistance, so I tend to keep an eye on that level also. A reading of +20 is extremely overbought, and a -10 indicates the market is extremely oversold.
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